Interest free private student loans better choice for students to get loan/qarza in short time from Government Sectors, Private Sectors and through Bank relief sectors and carry your study. In all over Pakistan students get interest free loans from Punjab banks easily as CM Punjab give policy for Pakistani students.
Interest Free Private Student Loans schemes launched in Pakistan through Govt and Private sectors. Now the opportunity Interest free loan available in Pakistan. Mostly the age group which needs free loans is student who wants to carry on their studies but unfortunately they cannot get education due to financial constraints.
National Bank of Pakistan in collaboration with four other major commercial banks in Pakistan is offering interest free loans for students. These interest free loans are aimed at helping students who need financial assistance to continue their education. It is golden opportunity for those students who want to carry their studies. They must apply for interest free students loans in Pakistan.
Different Banks provided interest free loans for students to carry their study in Pakistan and foreign. Also NRSP & Akhowat qarza scheme provided the interest free students loans in Pakistan. Loans are provided to students enrolled in the disciplines of scientific, technical or professional education within Pakistan at graduation, post-graduation or PhD level.
Such interest free loans are available all across world and various banks in our country have also started providing the interest free loans. Once such loans are provided these can be easily repaid later in life. Following are the banks in Pakistan which provide interest free loans.
The initiative of interest free loan was started after the Federal Minister took the decision to provide the financial assistant to the needy class of the society in collaboration with the commercial bank with in Pakistan. These are loans which are provided to the students and this amount covers tuition fee, dorm expenditures, and to finance the coarse material.
Rules & Regulations for Repayment Loan:
The repayment of loan has not hard rules and it has been tried to make easy repayments. As for as the repayment of the loan is concern its period has been extended possibly and it is extended up to ten years which is a very feasible time period for those to whom the loan has been disbursed.
Moreover if the student gets the job he or she should reimburse the loan soon after the six months of getting his or her job. However if the student does not get the job she or he has relaxation up to the period he or she gets the job.
Leading commercial banks of Pakistan play important role in providing financial assistance through providing interest free loans to many of the meritorious students who face financial issue to pursue their studies in carrying out their studies. This loan is provided on the basis of merit and irrespective of the field in which they are studying.
Students from various fields, including Medical, Engineering and Technical fields can get their loans from the following banks.
Leading Commercial banks:
- National Bank of Pakistan
- United Bank Limited
- Muslim Commercial Bank
- Habib Bank Limited
- First Women Bank